DetachedOn market 131 daysPrice drop · $149,000 off (-12.4%)

700 Island 980 / Deer Island, Georgian Bay

Name: 700 Island 980 / Deer Island
SKU: X13443308
Price: 1050000 CAD
Availability: InStock

Georgian Bay, ON · · MLS® X13443308Updated October 5, 2026

$1,050,000Est. $5,158/mo mortgage

Bedrooms: 2
Bathrooms: 3
Living space: 1500–2000sq ft

Type Detached
Lot 604.00 × 0.00
Basement None

What you should know

700 Island 980 / Deer Island is a 2-bedroom, 3-bathroom detached home in Georgian Bay, listed for $1,050,000. It has 1500-2000 sq ft of living space.

Your first impression will be the huge new floating deck/dock system at the shore with room for many chairs and umbrellas, and featuring all day sun.
In the main cottage, the living room has a beautiful woodstove with a large viewing window, and the well-appointed kitchen has upgraded cabinets and countertops.
The 2 bedrooms in the main cottage each have their own ensuite washroom.

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2 Bed, 3 Bath Detached Home in Georgian Bay

About 700 Island 980 / Deer Island

Just 10 minutes by boat from local marinas in Honey Harbour to your new favourite spot. There are MANY recent additions and updates to this property, making it a unique and ideal property for welcoming many guests. Your first impression will be the huge new floating deck/dock system at the shore with room for many chairs and umbrellas, and featuring all day sun. From the dock, there's a new boardwalk and stairs to the cottage, as well as a trail, if you want to take the side-by-side full of supplies to the cottage. The property consists of 3.5 acres of mature forest to explore and over 600 feet of shoreline for the ultimate in privacy. The cottage has a huge new screened Muskoka room looking toward the bay, appointed with quality outdoor furniture. You're going to spend many evenings here, taking in breathtaking westerly sunset views and enjoying the company of friends and family without a second thought to mosquitoes. In the main cottage, the living room has a beautiful woodstove with a large viewing window, and the well-appointed kitchen has upgraded cabinets and countertops. The 2 bedrooms in the main cottage each have their own ensuite washroom. The rear BBQ deck flows is connected to the stairs and deck to the 2 sleeping bunkies. Bunkie 1 is about 370 square feet, sleeps 4, and boasts 2 bedrooms and a 3 piece washroom. The deck extends to Bunkie 2, which is about 220 square feet, sleeps 7, and features a 2 piece washroom, 3 sets of 2 bunk beds and a loft. All the buildings are insulated, including spray foam in the floors, so winter visits are a possibility.

2 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $700 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 700 Island 980 / Deer Island

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 1500-2000 sq ftas stated on the listing
Lot size: 604.00 x 0.003.29 sq ft
Basement: None

Features & systems

Parking & garage

Parking spaces: 0

Interior

Basement: None

Lot & land

Lot dimensions: 604.00 x 0.00
Lot size (sqft): 3.29
Lot features: Irregular Lot

Listing & possession

Property style: Bungalow
Property class: Detached

700 Island 980 / Deer Island Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13443308−$149,000 (12.4%)$1,050,000
Jun 13, 2026For saleListedThis listingMLS® X13443308$1,199,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 700 Island 980 / Deer Island Compares to the Georgian Bay Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Fair Price· based on 62 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Georgian Bay market, last 90 days

Median sold price: $730,000
Average sold price: $890,811
Average days on market: 71
Homes sold: 41

Closed sales on the TRREB MLS®.

Full Georgian Bay market report

Recently sold nearby in Georgian Bay

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home700 Island 980 / Deer Island 2 bd · 3 ba · 1,500 sqft	$1,050,000asking	$700	—	—
29 Yellow Birch Road 4 bd · 1 ba · 1,100 sqft
57 Port Severn Road 3 bd · 1 ba · 1,500 sqft
300 Birch Acres Drive 2 bd · 2 ba · 1,500 sqft
2504 ISLAND 404/QUARRY N/A 3 bd · 1 ba · 700 sqft
29 George Street 2 bd · 1 ba · 1,100 sqft
180 Lake Road 4 bd · 2 ba · 2,000 sqft

29 Yellow Birch Road
4 bd · 1 ba · 1,100 sqft
57 Port Severn Road
3 bd · 1 ba · 1,500 sqft
300 Birch Acres Drive
2 bd · 2 ba · 1,500 sqft
2504 ISLAND 404/QUARRY N/A
3 bd · 1 ba · 700 sqft
29 George Street
2 bd · 1 ba · 1,100 sqft
180 Lake Road
4 bd · 2 ba · 2,000 sqft

Living in Georgian Bay: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Costs, Mortgage & Rental Return for 700 Island 980 / Deer Island

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $5,158; 20% down · 25 years · 5.5% assumed
Property tax: $578; 0.66% mill rate · ON
Total per month: $5,736; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$5,158

/mo

based on the purchase price of $1,050,000

Down payment20%

$210,000 cash

Amortization25 yr

$840,000 financed

Rate5.50%

$707,500 total interest

Principal54%$840,000

Interest46%$707,500

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Listing brokerage: Royal LePage In Touch Realty, BrokerageMLS® X13443308 · Listing data last updated October 5, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Jun 12· $700/sq ft

Estimated monthly mortgage$5,158/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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